About Sastrify
Sastrify is a company based in Koln (Germany) founded in 2020 by Sven Lackinger and Maximilian Messing was acquired by Deel in May 2026. Sastrify has raised $45.3 million across 6 funding rounds from investors including Deel, FirstMark and Reimann Investors. Sastrify has completed 1 acquisition, including Pengu. Sastrify offers products and services including Sastrify Platform, IT Procurement Software, and Software Marketplace. Sastrify operates in a competitive market with competitors including Apptio, Flexera, Anodot, BetterCloud and Spot, among others.
- Headquarter Koln, Germany
- Founders Sven Lackinger, Maximilian Messing
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Technology
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- Legal Name Sastrify Gmbh
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Products & Services of Sastrify
Sastrify offers a comprehensive portfolio of products and services, including Sastrify Platform, IT Procurement Software, and Software Marketplace.
AI-based tool for discovering Shadow IT and assessing compliance risks
Manages contracts, tracks renewals, and optimizes software costs effectively
Platform for integrations and vendor management in IT ecosystems
People of Sastrify
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Funding Insights of Sastrify
Sastrify has successfully raised a total of $45.3M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Sastrify
Sastrify has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Deel, FirstMark and Reimann Investors.
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Family office of Reimann family
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Edtech, digital media, eCommerce companies are funded by Endeit Capital.
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Venture capital investments are made in sustainable, innovative startups by Simon Capital.
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Investor details for Sastrify
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Investments & Acquisitions by Sastrify
Sastrify has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pengu.
Investment portfolio details for Sastrify
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SaaS-enabled solutions for supply chain spend management are offered.
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Complete acquisition details for Sastrify
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Financial Statements - Sastrify
Detailed financials for Sastrify
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Sastrify Comparisons
Peer comparison for Sastrify
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Competitors of Sastrify
Sastrify operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Apptio, Flexera, Anodot, BetterCloud and Spot, among others.
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Cloud spending is managed for enterprises through a specialized platform.
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Cloud management solutions are delivered via an online IT platform.
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AI based cost management platform
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SaaS applications management and security solutions are provided by BetterCloud.
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Cloud spend management software is offered by Spot's platform.
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Cloud security and compliance solution company
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Detailed competitors of Sastrify
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Latest news on Sastrify
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Frequently Asked Questions about Sastrify
Sastrify was founded in 2020.
Sastrify is headquartered in Koln, Germany. It is registered at Koln, North Rhine-westphalia, Germany.
Sven Lackinger is the current CEO of Sastrify. They have also founded this company.
Sastrify is a funded company, having raised a total of $45.3M across 6 funding rounds to date.
Sastrify was founded in 2020 and is headquartered in Cologne, Germany. The company operates in the IT sector, providing an AI-driven platform for software management. Procurement spending is managed, renewals and negotiations are planned, risks are assessed, and documentation is automated through its tools. Features such as automated supplier negotiations, contract management, and customized tag filters are included to support these operations.
Sastrify's top competitors include Apptio, Flexera and BetterCloud.
Sastrify offers Sastrify Platform, IT Procurement Software, and Software Marketplace.
Sastrify has made 1 acquisition, including Pengu.
Sastrify has 17 investors. Key investors include Deel, FirstMark, Reimann Investors, Endeit Capital, and Simon Capital.